Ponzi artist publicity stunt of the day

By Felix Salmon
May 1, 2009

HOUSTON, April 30 (Reuters) – Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday but was turned away because there is no warrant for his arrest, his lawyer said.

Remember, this is a man who still claims that he’s innocent. If you’re innocent, and there’s no warrant out for your arrest, what on earth are you doing trying to turn yourself in?

(Via Alea)


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Aren’t most of his assets frozen? You have to admit that the prosecutors are handling this poorly. Either charge him or let him go on his business. Seizing assets indefinitely without a legal charge is an asinine thing to do.

Posted by Sean | Report as abusive

Totally agree with the above comment!

Though, not nearly as asinine as telling people you’re helping them invest for their retirement when you’re really just stealing them blind.